Terms like credit utilization ratio and debt to income ratio may sound fancy, but all these ratios really do is give lenders an idea of how much debt you have on a monthly basis. Lenders generally look at these ratios to determine whether or not you’re a reliable borrower and whether or not you can … Continue reading What is a Good Debt to Income Ratio for a Mortgage?
Category Archives: Debt Relief
How to Get Out of Debt With No Money and Bad Credit
In this economy, many of us are in the same boat: tiny paychecks and big expenses. Unexpected emergencies – such as medical crises, broken appliances, home or car damage, etc. – can make this situation so much worse. As a result, many Americans find themselves living paycheck to paycheck with lots of debt and poor … Continue reading How to Get Out of Debt With No Money and Bad Credit